Get started

Continuationpatterns

XAU/USD 1847.08 +0.61% LONG IDEA * CONTINUATION PATTERNSHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT ON GOLD THIS WEEK. > Despite hot US inflation bringing back rate hike expectations on the table from the Fed and the ECB, gold price continues to benefit from its increased demand as an inflation hedge. > The metal has been trading in an ascending triangle possibly signaling continuation with the bulls a break above and a retest of the structure signals continuation with the bulls. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
OANDA:XAUUSDLong
by PULEMokhothu
BITCOIN CONTINUATION TO WHERE?BITCOIN In daily timeframe Chart, Bitcoin has been forming Descending Channel Pattern.. At the Moment, Bulls Facing 50k Crucial Resistance, if resistance got cleared, expecting bullish wave towards the 72k (new ATH ) in coming days. In Bearish scenario, if Bulls failed to clear the resistance, Bitcoin might retest the 40k support area (MA128) MA128 ( 40 .8k) Acting as key support, in late September, Bitcoin Bulls defended it well. (In Worst Case, if Bitcoin Bulls lost this MA128, Bitcoin might retest the 27k Area in late October) Since 30th July, RSI ( Relative Strength Index ) has been Moving Below the Trendline Resistance, If we break the RSI resistance things could heat up quite easily. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
OANDA:BTCUSD
by legacyFXofficial
1
Tatva Chintan Stock AnalysisTatva Chintan Pharma Chemical Limited was listed on 29 July 2021, with a gain of approx 96.82%. Since then the stock is trading a range, typically forming a symmetrical triangle pattern for almost the past 2 months. Stock is currently near the 2/3 area of the triangle pattern and is mostly ready for the breakout. Now the question is which side the breakout would come, since the stock listed at the whopping gain of about 96%, i would consider the previous trend on the upside. So, the triangle patterns are mostly continuation pattern, hence the chance of the breakout on the upside are more. So keep an eye on the stock and wait for the decisive breakout If you have any queries, please do ask in the comment section below.
NSE:TATVA
by manuagarwal21
Candlestick Charts Part 3: ContinuationHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ NOTE: some pattern could be reversal and continuation patterns depending if its in an uptrend or downtrend. Today's video will be about the Candlestick Chart : Continuation Patterns. Continuation Patterns are candlestick patterns that tend to resolve in the same direction as the prevailing trend. So lets start by talking about the different types of Patterns : Bullish Continuation Patterns Bearish Continuation Patterns And they are divided into 3 groups : Weak Patterns Reliable Patterns Strong Patterns We Start with the Strong Continuation Patterns : 1) Rising Three Methods : is a five candlestick bullish continuation pattern. The first candlestick is a large bullish candlestick that takes place during an uptrend. Then a group of two to four small body candlesticks (either bullish or bearish) retreat within the price range established by the first day’s real body bullish candlestick. The final candlestick of the pattern is another large bullish candlestick that closes above the first day’s closing price. 2) Falling Three Methods : is a five candlestick bearish continuation pattern. The first candlestick is a large bearish candlestick that takes place during a downtrend. Then a group of two to four small body candlesticks (either bullish or bearish) slowly ascend within the price range established by the first day’s real body bearish candlestick. The final candlestick of the pattern is another large bearish candlestick that closes below the first day’s closing price. 3) Deliberation in an uptrend : A deliberation structure is comprised of three Japanese candlesticks. All three are bullish (green). The first is a candlestick with a small body followed by a large full candlestick. Finally, the last candlestick also has a small body and forms a star. 4) Concealing Baby Swallow in an uptrend : The Concealing Baby Swallow is a four-line candlestick pattern, which appears so rarely. Two Black Marubozu candles appearing one after the other are very uncommon situation on the candlestick charts what limits the appearance of this pattern. Now Lets Talk about the Reliable Continuation Patterns : 1) Bullish Separating Lines : Bullish separating lines pattern is a two-candle bullish continuation candlestick pattern that comes up in the middle of a bullish trend. It indicates that the current bullish trend is about to continue after a temporary pullback. 2) Bearish Separating Lines : The bearish separating line is known as a bearish continuation pattern. The first line is a white candle that comes up as a long line in a downtrend. The second line is made up of a black candle that comes up as a long line. Both bars will open at the same price, and then the prices are separating. 3) Bullish Matching High : This pattern involves two or more matching highs. On a lower timeframe chart this pattern will look like a support or resistance being broken. Breakouts are used by traders a trigger to enter the market with the momentum of the breakout signaling a new leg of a trend. 4) Bearish Matching Low : This pattern involves two or more matching lows which if broken is a signal that there will be a resumption of the current trend. 5) Upside Tasuki Gap : It is a bullish continuation candlestick pattern which is formed in an ongoing uptrend. This candlestick pattern consists of three candles, the first candlestick is a long-bodied bullish candlestick, and the second candlestick is also a bullish candlestick formed after a gap up. The third candlestick is a bearish candle that closes in the gap formed between these first two bullish candles. 6) Downside Tasuki Gap : Downside Tasuki Gap is a bearish continuation pattern that forms in the middle of a downtrend. The first candle is bearish, and is followed by a negative gap and another bearish candle. The third candle is bullish and closes right in the gap between the first two bars. And Last but not least The Weak Continuation Patterns : 1) Advance Block : The advance block is a three bar pattern. The pattern appears as a block of three white, rising candlesticks, each with a shorter body than the last. The candles should not have overly long shadows as these can sometimes develop into other pattern types such shooting stars and hanging men. 2) Stick Sandwich : The stick sandwich candlestick pattern can occur in both bull and bear markets. The stick sandwich candlestick pattern consists of three candlesticks, where one candlestick has an opposite colored candlestick on both sides. The closing prices of the two candlesticks that surround the opposite colored candlestick must be same. 3) Bullish Side by Side White Lines : – It occurs during an Uptrend; confirmation is required by the candles that follow the Pattern. – The First Candle is white. – Then there is a Gap Up between the First and Second Candle. – The Second and Third Candle are white, their Real Bodies have the same length; moreover they have the Open at the same level (More or less) and is above the Real Body of the First Candle. 4) Bearish Side by Side White Lines : – It occurs during a Downtrend; confirmation is required by the candles that follow the Pattern. – The First Candle is black. – Then there is a Gap Down between the First and Second Candle. – The Second and Third Candle are white, their Real Bodies have the same length; moreover they have the Open at the same level (More or less) and is below the Real Body of the First Candle. 5) Bullish On Neck Line: The on neck candlestick is a continuation pattern. In an on neck pattern, the first candle is Bullish and the second one is Bearish. The first candle’s body is long while the second one is shorter. The second candle closes near the first one or close to the first candle. The pattern gets its name because at the point where the closing prices of the two are nearly the same or same, it forms a horizontal line which looks like a neck or a neckline. 6) Bearish On Neck line : The on neck candlestick is a continuation pattern. In an on neck pattern, the first candle is bearish and the second one is bullish. The first candle’s body is long while the second one is shorter. The second candle closes near the first one or close to the first candle. The pattern gets its name because at the point where the closing prices of the two are nearly the same or same, it forms a horizontal line which looks like a neck or a neckline. I hope that I was able to help you understand Continuation Patterns in Candlestick Charts better and if you have any more questions don't hesitate to ask. Hit that like if you found this helpful and check out my other video about the Moving Average, Stochastic oscillator, The Dow Jones Theory, How To Trade Breakouts, The RSI , The MACD , The Bollinger Bands , The Different Types Of Trading Strategies, Candlestick Charts Part 1 & 2 links will be bellow
Editors' picks
COINBASE:BTCUSDEducation
by GabiDahduh
36
EURUSD BULLISH CONTINUATIONRecently, we saw a significant drop on EURUSD and price after touching the strong support at 1.1660 (Weekly Low) stopped falling and started to retrace. In the higher time frame (Daily) we can see the bullish candles with upside pressure. In 4H chart, the descending trend line has been broken out to the upside and price has pulled back to it. But, there is a resistance level at 1.1750 which price is struggling to fix above it but it hasn’t been successful yet. On the other hand, the US dollar index ( DXY ) is about to get weak… So, if price can close a bullish candle above 1.1750 and also breaks the last top at (1.1765 - 1.1770), we can expect a rise first to 1.18 and in the case of an upside breakout on this level, the next target would be 1.1850, otherwise, price will continue falling to 1.16 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Long
by legacyFXofficial
XAUUSD ANALYSIS - UpdateWe have now reached a support zone, formerly resistance as noted in the picture above. we still anticipate a break of this support level to create the next lower low which can be seen on the daily chart. Now, the US will be reporting Home Sales and Job claims. Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week. A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD. The DXY also suggest we could see a push to the up side as we have broken resistance and maybe retested. Retail Forex sentiment on myfxbook.com sees 70% of retail traders in a long position while 30% are short. My bias is Short though we are at a zone price have respected over and over again. if we can break the zone (1794 - 1790), we could eventually see the flush to 1762.50. on the flip side there are buyers grouped at the zone (1794 - 1790) and we are expecting news so anything can happen.
OANDA:XAUUSDShort
by xenofinance
3
2 Types of Chart Pattern2 Types of Chart Pattern are Continuation Pattern and Reversal Pattern as show in the chart. Continuation Pattern 1. Symmetrical Triangle 2. Triangle Reversal Pattern 1. Ending Diagonal 2. Expanding Diagonal (Broadening) 3. Channel For best practices, draw channel and then adjust the 2nd line to confirm either triangle or diagonal. Example Up trend : Market Up Trend, draw channel (Bullish / Up trend) by starting draw support trendline as 1st line. For 2nd line, draw resistance trendline as channel. Adjust 2nd line to become triangle or diagonal if applicable. Example Down trend : Market Down Trend, draw channel (Bearish / Down trend) by starting draw support trendline as 1st line. For 2nd line, draw resistance trendline as channel. Adjust 2nd line to become triangle or diagonal if applicable. Sebagai latihan yang baik, lukis Channel terlebih dahulu kemudian ubah garis kedua untuk dapatkan garis sama ada triangle atau diagonal. Contoh Up Trend : Market Up Trend, lukis channel (Bullish / Up trend) dengan melukis support trendline as garis nombor 1. Untuk garis nombor 2, lukis resistance trendline sebagai channel. Ubah garis nombor 2 untuk jadi triangle atau diagonal jika sesuai. Contoh Down Trend : Market Down Trend, lukis channel (Bearish / Down trend) dengan melukis resistance trendline as garis nombor 1. Untuk garis nombor 2, lukis support trendline sebagai channel. Ubah garis nombor 2 untuk jadi triangle atau diagonal jika sesuai.
INDEX:KLSEEducation
by RozaniGhani-RG
2
Bitcoin Analyze (Candlestick Analysis)!!!hi, I hope that you took profits from my previous posts😊 (If Yes, please comment). Today, I want to talk about some Candlesticks Patterns that we saw these days( Around one Month🌙). Bitcoin Analyze ( BTCUSDT ) Timeframe Daily ⏰ Location: Still, Bitcoin is running on our Descending Triangle , and It close to the lower line of the Triangle (Support zone: 31620$ until 30960$ (Support + Cluster of Fibs+ the lower line of Descending Triangle ) == Heavy & important Support). About Candlestick analysis : I was able to find Bearish Engulfing Pattern on the upper line of Triangle (Point C) + Morning Star Pattern on the Lower line of Triangle (Point D) + Evening Star Pattern at Point D (Fake Break) == All of these patterns were REVERSAL Pattern, but, now I can see Falling Three Method Pattern ( CONTINUATION Pattern) on the Lower line of Triangle (Point F), so I am expecting that Next Daily Candle will have RED Body. RSI Analyze: RSI is running at Descending Channel, even we can see two fake breaks on this way, also I found Head and Shoulder Pattern on the upper line of our channel, if RSI breaks necking line, probably RSI will close to our Support Zone.👉https://www.tradingview.com/x/5F3N99fl/ MACD Analyze: we can see Bearish Confirmation Signal 🐻 👉 ADX = 38.6 >25 == Still we are on Downtrend. Moving Averages MA200 & MA50 Passed from each other a few days ago. I am deciding to share Bitcoin Long-term Analyze ( Monthly Time frame )📆 on each post that I will publish about Bitcoin: Please read this post carefully ( I ❤️LOVE ❤️THIS POST😀)👉https://www.tradingview.com/chart/BTCUSDT/PTviG7sS-Bitcoin-Long-term-Analyze-Monthly-Time-frame/ If you want to have more information about counting waves supports and resistances.....check this post 👉https://www.tradingview.com/chart/BTCUSDT/Ie6NTjBA-Bitcoin-Analyze-Playing-with-Harmonic-Patterns/ My Suggestion: please do NOT buy Coins for Midterm and Long-term investment until the market finds a way. At least you can wait for breaking our Descending Triangle (to UP). Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
Short
by pejman_zwin
14
USDCAD 1.21507 + 0.47 % SHORT IDEA * PRICE ACTION + STRUCTUREHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, READY FOR THE MARKET THIS WEEK, HERE'S A LOOK AT THE U.S DOLLAR / CANADIAN DOLLAR FROM THE 4 HOURLY CHART. The pair has been trading in a falling wedge which saw a break above of this continuation structure, looking at the not so fa historic data the pair is definitely no stranger to fake-outs, so looking for a reversal on this one, should structure hold targets 2 & 3 come into play as this will signal continuation. below is what i had last week on the pair, never triggered. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - INTRA-DAY TRAD
Short
by PULEMokhothu
EURUSD 1.21209 + 0.11% MONTHLY OVERVIEW * PRICE ACTIONHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, READY FOR THE MARKET THIS WEEK, HERE'S A LOOK AT THE EURO / U.S DOLLAR FROM THE MONTHLY CHART. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - INTRA-DAY TRADE
by PULEMokhothu
EURUSD 1.21215 + 0.11 % LONG IDEA * PRICE ACTION & STRUCTUREHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, READY FOR THE MARKET THIS WEEK, HERE'S A LOOK AT THE EURO / U.S DOLLAR FROM THE 4 HOURLY CHART. The pair is currently testing the base of the descending channel structure looking for this structure to hold to see a push up with the bulls before we see continuation to the down side. here's what we have on the monthly IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - INTRA-DAY TRADE
Long
by PULEMokhothu
GBPUSD 1.41128 + 0.01 % LONG IDEA * PRICE ACTION & STRUCTURE HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, READY FOR THE MARKET THIS WEEK, HERE'S A LOOK AT THE POUND / U.S DOLLAR FROM THE 4 HOURLY CHART. The pair is still ranging within structure , looking for a continuation of this moves but should we see a break below of the structure that would signals continuation should confirmations signal that other wise capitalizing on the range on this one. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - INTRA-DAY TRADE
Long
by PULEMokhothu
US30 34279 - 0.59% SHORT IDEA * PRICE ACTION & STRUCTUREHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, READY FOR THE MARKET THIS WEEK, HERE'S A LOOK AT THE DOW JONES INDEX FROM THE 4 HOURLY CHART. The index has been consolidating in a symmetrical triangle that has broken below of this structure at the roof of a ascending channel looking for continuation of this move with the bears. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - INTRA-DAY TRADE
UShort
by PULEMokhothu
US100 14056.6 +0.43% LONG IDEA * STRUCTURAL TRADEELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, READY FOR THE MARKET THIS WEEK, HERE'S A LOOK AT THE NASDAQ FROM THE 4 HOURLY CHART. The index has been on a bullish rally in a rising wedge currently approaching resistance level 14073.4 a break above of this structure signals continuation. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - INTRA-DAY TRAD
ULong
by PULEMokhothu
US500 4238.0 - 0.21% SHORT IDEA * PRICE ACTION & STRUCTUREHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, READY FOR THE MARKET THIS WEEK, HERE'S A LOOK AT THE S&P 500 FROM THE 4 HOURLY CHART. The S&P500 is currently trading in an ascending triangle looking for a break below of this structure to see the bears taking control of this index couple of confirmations should come into play before this is confirmed. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - INTRA-DAY TRAD
UShort
by PULEMokhothu